Share buy-back Program

On 6 March 2019, Royal Unibrew initiated a share buy-back program, cf. company announcement no. 9/2019 of 6 March 2019. The program is carried out under Art. 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the Market Abuse Regulation - MAR) and the resulting delegated legislation. The share buy-back program is expected to be realised in the period from 7 March 2019 to 31 October 2019. The total share buy-back in the period will not exceed a market price of DKK 400 million.

The following transactions have been made under the program:

Number ofShares

Average purchase price

Transaction value, DKK

Accumulated, last announcement

194,020

487.30

94,545,246.45

29 April 2019

4,000

483.22

1,932,899.60

30 April 2019

12,788

478.03

6,112,997.77

1 May 2019

550

487.51

268,129.68

2 May 2019

5,000

483.48

2,417,399.00

3 May 2019

1,000

489.00

489,000.00

Accumulated under the program

217,358

486.60

105,765,672.49

With the transactions stated above Royal Unibrew owns a total of 1,210,867 shares, corresponding to 2.4% of the share capital. The total amount of shares in the company is 51,000,000, including treasury shares.